FundedX is a UAE-based prop firm launched in 2024, offering one-step and two-step evaluations with accounts from $5,000 to $200,000 and an 80% base profit split. While the pricing is competitive (starting at $69), multiple Trustpilot reviews report payout issues and unresponsive support, which puts a serious cloud over the firm's reliability.
TL;DR: Competitive pricing and standard challenge structures, but concerning payout complaints and a very limited review history raise red flags. The "100% profit split" add-on is particularly questionable. Unless FundedX builds a stronger payout track record, safer alternatives exist. Approach with caution and small position sizes if you decide to try it.
How FundedX Works
FundedX offers both one-step and two-step evaluation challenges. You pay a fee, trade within risk parameters, and graduate to a funded account if you hit the target.
The firm is registered in the UAE and launched in 2024, making it one of the newest firms on our radar.
Account Types & Pricing
| Challenge | Account Size | Price | Profit Target | Min Trading Days |
|---|---|---|---|---|
| 1-Step | $5,000 | $69 | Varies | 5 |
| 2-Step | $5,000 | $69 | Varies | 3 |
| 1-Step | $100,000 | ~$500 | Varies | 5 |
| 2-Step | $200,000 | $989 | Varies | 3 |
The 1-step challenge requires a minimum of 5 trading days with single-trade profits capped at 60% of the profit target. The 2-step challenge requires only 3 minimum days with no single-trade cap.
Trading Rules & Conditions
- 1-Step: 5 minimum trading days, 60% single-trade profit cap
- 2-Step: 3 minimum trading days, no single-trade restriction
- Profit split: 80% standard, "up to 100%" with paid add-on
- First payout: After 14 days
- Payout frequency: Bi-weekly
The 60% single-trade profit cap on 1-step challenges means you can't pass with a single lucky trade. You need to demonstrate some consistency.
The 100% profit split add-on is a red flag. A prop firm that lets you keep all profits eliminates its own revenue model from profitable traders. This usually means the firm's primary business model is selling evaluations, not profiting from funded trader performance. Treat this with scepticism.
Payout Structure & Methods
Standard 80% split with bi-weekly payouts after a 14-day initial period. The challenge fee is refundable with your first successful payout.
The payout concerns: Multiple Trustpilot reviews report delays, denials, and unresponsive support when requesting withdrawals. With fewer than 50 reviews on Trustpilot and approximately 17% one-star ratings, the negative-to-total ratio is concerning for such a new firm.
Platform & Tools
FundedX operates on standard trading platforms including MetaTrader 5.
What We Like
- Competitive entry pricing at $69 for the smallest accounts
- Both 1-step and 2-step options provide flexibility
- Fee refund with first payout
- Low minimum trading days (3 days on 2-step)
What Could Be Better
- Payout complaints on Trustpilot are concerning
- Very limited review history makes it hard to assess reliability
- 100% profit split add-on raises business model questions
- Founded in 2024 with minimal track record
- Unresponsive support reported by multiple users
FundedX vs Competitors
There's little reason to choose FundedX over established firms with proven payout records. FundingPips offers similar pricing with $200M+ in verified payouts. FTMO costs more but has a decade of reliable payouts. See our best CFD prop firms for safer options.
Is FundedX Legit?
The jury is still out. The firm is real and operational, but the payout complaints, limited review history, and questionable add-on pricing model don't inspire confidence. It's not necessarily a scam, but it's not yet proven to be reliable.
If you do try FundedX, start with the smallest account size and test the payout process before committing larger amounts.
Final Verdict
Rating: 2.5/5
FundedX offers competitive pricing but hasn't yet earned the trust that comes with consistent payout execution. Until the firm builds a stronger track record and addresses the payout concerns on Trustpilot, we'd recommend sticking with more established alternatives.
FAQ
Is FundedX legit?
The firm is operational but has concerning payout complaints and a very limited track record (founded 2024). Proceed with caution.
How much does FundedX cost?
Starting at $69 for a $5,000 account, up to $989 for a $200,000 account.
What is FundedX's profit split?
80% standard, with a paid add-on claiming up to 100%.
Can I use FundedX in the US?
Yes, FundedX accepts US-based traders.
How fast are FundedX payouts?
First payout after 14 days, then bi-weekly. However, some traders report delays beyond the stated timeframes.
Should I try FundedX?
We recommend established firms with proven payout records like FTMO or FundingPips over FundedX at this time.
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Trading involves risk of loss.